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US Financial Markets Shaky After Huawei CFO Arrest Sparks Major Losses

WorldNews Thursday, 6 December 2018 ()
US Financial Markets Shaky After Huawei CFO Arrest Sparks Major LossesAfter a number of reports indicated the potential United States and China trade deal was in jeopardy on Thursday, stock markets in the U.S. drastically fell, according to The Washington Post. The Dow Jones industrial average fell by more than 625 points, nearly 2.5 percent, while the tech-heavy Nasdaq was down 1.9 percent into correction territory. The Standard & Poor’s 500-stock index was off 2.2 percent. Analysts said the Dow and S&P 500 both eliminated all the gains for 2018 and are officially having their worst quarter in seven years. The Organization of Petroleum Exporting Countries scheduled a meeting on Thursday in Vienna to address a planned production cut of 1 million barrels per...
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Credit: Cheddar Inc. - Published < > Embed
News video: Markets End Week with Deep Losses as Huawei CFO Is Charged With Fraud

▶ Markets End Week with Deep Losses as Huawei CFO Is Charged With Fraud 00:50

The markets plunged again on Friday, capping off a wild week on Wall Street. Fears of slowing global growth, exacerbated by U.S.-China tensions, and a weaker-than-anticipated jobs report contributed to the losses. The tech-heavy Cheddar 50 Index, which measures the performance of Cheddar's 50 top...

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